BreadTalk issues S$75m bonds

BREADTALK has priced S$75 million of its bonds at par value of the principal amount, with a coupon rate of 4.6 per cent.

The notes, part of its S$250 million multicurrency medium-term note programme, will be due April 1, 2019.

The net proceeds will go towards general corporate purposes such as the refinancing of existing borrowings, financing capital expenditure and general working capital, said the firm.

The bonds are expected to be issued on April 1, and will be listed on the Singapore Exchange the next trading day.

OCBC is the lead manager and sole bookrunner for the notes, while ANZ is the manager.